Forex Technical Analysis 14.04.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

April 14, 2014

EUR USD, “Euro vs US Dollar”

Market was opened with gap down and Euro expanded its consolidation channel downwards. Instrument continues forming descending correction, flag pattern, with target at level of 1.3750. Structure of the pattern will help us to define future scenario.
 

GBP USD, “Great Britain Pound vs US Dollar”

Market was opened with gap down; Pound is forming the second descending impulse. It looks like market is forming correction towards level of 1.6640. Structure of this correction will help us to define future scenario.

USD CHF, “US Dollar vs Swiss Franc”

Franc is still consolidating. We think, today price may form correction as flag pattern and return to level of 0.8840. Structure of the pattern will help us to define future scenario.

USD JPY, “US Dollar vs Japanese Yen”

Yen is still consolidating; market completed continuation pattern. We think, today price may break minimum and fall down towards level of 100.00. Alternative scenario implies that pair may try to break consolidation channel upwards and complete current correction at level of 103.00. Later, in our opinion, instrument may continue moving downwards.

AUD USD, “Australian Dollar vs US Dollar”

Australian is forming descending impulse. We think, today price may reach level of 0.9340 and then return to level of 0.9330. This structure may be considered as head & shoulders reversal pattern. Later, in our opinion, instrument may continue falling down towards level of 0.9150.

USD RUB, “US Dollar vs Russian Ruble”

Market was opened with gap up. Ruble continues moving upwards; we can see head & shoulders reversal pattern. We think, today price may reach the first target at level of 36.20 and then fall down towards level of 35.75.

XAU USD, “Gold vs US Dollar”

Gold is still consolidating near level of 1322; this structure may be considered as continuation pattern. We think, today price may move upwards to reach target at level of 1357. Alternative scenario implies that instrument may expand this consolidation channel downwards as correction towards 1295 and then grow up towards level of 1357.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

September 30, 2016
Euro continues to trade sideways inside a 100pips range
Looking at the hourly chart, the pair still fighting to overtake 1.1235 barrier, which is considered as the near-term resistance for the single currency...
September 29, 2016
Will Brexit be more painful for Europe rather than for the UK?
The risk is increasing on the market ahead OPEC meeting in Algiers and Yellen testimonial, which will happen before the House panel. FED-fueled rally on gold starts to fizzle out as the December futures keep on a losing streak for a second day, finally dipping by 0.12% to 1,328.75...
September 28, 2016
US presidential debate moves unwind
The market’s initial response to the US presidential election debate overnight was a clear sigh of relief. The Mexican Peso, which had hit a record low against the dollar just the day before, surged higher, as too did the Canadian dollar...

OANDA Rating
FXCM Rating
Orbex Rating
FIBO Group Rating
Larson&Holz IT Ltd Rating
FOREX.com Rating

OptionTrade Rating
Empire Option Rating
OptionBit Rating
Beeoptions Rating
365BinaryOption Rating
Grand Option Rating